Ormat Technologies(ORA)
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Press release - Orange: Transactions carried out as part of a share buyback program and outside of a liquidity contract
Globenewswire· 2025-01-08 17:05
Press releaseParis, 08 January 2025 Transactions carried out as part of a share buyback program and outside of a liquidity contract Orange announces that it has purchased treasury shares within the framework of its 2024 share buyback program. These shares have been acquired to honor obligations related to long-term incentive plans for corporate officers and senior employees. The long-term incentive plans, which are conditional on presence and performance, were set up with the aim of involving Group key mana ...
Regulated information : Half-yearly report on the Orange liquidity contract
Globenewswire· 2025-01-08 15:57
Regulated informationParis, 8 January 2025 Half-yearly report on the Orange liquidity contract As part of the liquidity contract signed by Orange with Rothschild Martin Maurel, the following assets appeared on the liquidity account as of December 31, 2024: 0 share€ 50,026,203 Over the period from 2024-07-01 to 2024-12-31, a total of: Number of transactions executedVolume exchangedAmount in € Buy side6,12311,123,066112,476,576.52Sell side8,37512,018,066<td style="width:177.34px;;vertical-align: middle; t ...
CORRECTION -- Ormat Technologies Inc.
Globenewswire· 2024-12-30 16:47
RENO, Nev., Dec. 30, 2024 (GLOBE NEWSWIRE) -- In a release issued earlier today by Ormat Technologies Inc. (NYSE: ORA), please note the original headline read "20MW/120MWH" when it should have read "20MW/20MWH." This error was introduced by GlobeNewswire. The corrected release follows: Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/20MWh of Energy Storage Capacity to the PJM Market Ormat Technologies Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal ...
Ormat Technologies Secures Land for Geothermal Projects in Utah
ZACKS· 2024-12-30 14:46
Ormat Technologies Inc. (ORA) recently acquired 1,678 acres of land in Utah during the Bureau of Land Management (BLM) auction. The new land will help Ormat Technologies build two new geothermal power plants near its Cove Fort facility. The first plant’s (Cove Fort 2) exploration will start in 2025, with commercial operation estimated to begin in 2027. The second plant, Cove Fort North, will be developed later.ORA’s Position in Geothermal GenerationAs the impacts of climate change become more apparent, the ...
Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market
Newsfilter· 2024-12-30 13:30
Company Announcement - Ormat Technologies Inc announced the successful commencement of commercial operations for its Montague energy storage facility, a 20MW/20MWh Battery Energy Storage System (BESS) located in New Jersey [1] - The Montague facility will provide ancillary services on the merchant market to PJM [1] Energy Storage Portfolio - With the addition of Montague, Ormat now operates 290MW/658MWh of energy storage projects [2] - The company has several additional energy storage projects currently under construction [2] - Ormat aims to achieve a 950MW-1050MW/2.5GWh-2.9GWh energy storage portfolio capacity target by 2028 [2] - The Montague project increases Ormat's total capacity in the PJM market to 120MW/120MWh [6] Strategic Growth and Market Position - Ormat is strategically growing its Energy Storage segment in key U.S. markets [6] - The company is committed to establishing a leading position in the U.S. energy storage market [7] - Ormat has over five decades of experience in geothermal and recovered energy generation (REG) [7] - The company is vertically integrated in geothermal and REG, with plans to accelerate long-term growth in the energy storage market [7] Company Overview - Ormat Technologies is a leading geothermal company with a global presence [7] - The company owns, operates, designs, manufactures, and sells geothermal and REG power plants [7] - Ormat's power plants are based on the Ormat Energy Converter, which converts heat into electricity [7] - The company has a total generating portfolio of 1,520MW, including 1,230MW of geothermal and solar generation and 290MW of energy storage [7] - Ormat's geothermal and solar generation portfolio is spread globally across the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe [7] Financial and Operational Highlights - The Montague project is expected to be eligible for a 30% Investment Tax Credit [6] - Ormat's energy storage portfolio is located entirely in the U.S. [7] - The company has engineered, manufactured, and constructed power plants totaling approximately 3,400MW of gross capacity worldwide [7]
Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
Newsfilter· 2024-12-23 13:30
Core Insights - Ormat Technologies Inc. has secured 1,678 acres in Utah's Bureau of Land Management Auction, enhancing its operations and development projects in the state [1][2][3] - The newly acquired land will facilitate the development of two new power plants, with the first (Cove Fort 2) expected to begin exploration in 2025 and achieve commercial operation by 2027 [2][3] - The CEO of Ormat emphasized the high probability of success for the targeted parcels, marking a significant milestone in harnessing geothermal energy for a sustainable future [3] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over five decades of experience, focusing on geothermal and recovered energy generation [4] - The company operates a total generating portfolio of 1,500 MW, which includes 1,230 MW from geothermal and solar generation globally, and a 270 MW energy storage portfolio located in the U.S. [4] - Ormat is vertically integrated, engaging in the design, manufacture, and operation of geothermal power plants, and is expanding into energy storage services and solar photovoltaic solutions [4]
Press release: Transactions carried out as part of a share buyback program and outside of a liquidity contract
Globenewswire· 2024-12-20 18:51
Press releaseParis, 20 December 2024 Transactions carried out as part of a share buyback program and outside of a liquidity contract Orange announces that it has purchased treasury shares within the framework of its 2024 share buyback program. These shares have been acquired to honor obligations related to long-term incentive plans for corporate officers and senior employees. The long-term incentive plans, which are conditional on presence and performance, were set up with the aim of involving Group key man ...
Aura Announces Bluestone Securityholders' Approval of Transaction
Globenewswire· 2024-12-19 23:17
Core Viewpoint - Aura Minerals Inc. has successfully acquired Bluestone Resources Inc. with overwhelming approval from Bluestone's securityholders, marking a significant step in its growth strategy [1][2]. Group 1: Transaction Details - The acquisition was approved by 99.48% of the votes cast by Bluestone's shareholders present or represented by proxy at the meeting [2]. - Bluestone shareholders can choose to receive either C$0.287 in cash or 0.0183 common shares of Aura for each Bluestone share held, with a maximum of 1,393,736 Aura shares available [3]. - Additionally, shareholders will receive contingent value rights that could yield up to C$0.2120 per Bluestone share, payable in three equal annual installments upon the Cerro Blanco project achieving commercial production [3]. Group 2: Next Steps - The Arrangement requires approval from the Supreme Court of British Columbia, with a final order expected on January 6, 2025, and the transaction's closing date anticipated on January 13, 2025 [4]. Group 3: Company Background - Bluestone Resources is a Canadian precious metals exploration and development company focused on opportunities in Guatemala, with its flagship asset being the Cerro Blanco gold project [5]. - Aura Minerals is a mid-tier gold and copper production company operating in the Americas, with four operating mines and a focus on holistic mining practices [6].
Ormat Announces Pricing of Public Offering of Common Stock on Behalf of Stockholder Orix Corporation
GlobeNewswire News Room· 2024-12-12 04:19
RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the pricing of an underwritten secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation. The offering is expected to close on December 13, 2024, subject to customary closing conditions. Ormat is not offering any of its common stock in the offering for its own account and will not receive an ...
Ormat Announces Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation
GlobeNewswire News Room· 2024-12-11 23:03
RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the commencement of an underwritten secondary offering of an aggregate of 3,700,000 shares of its common stock on behalf of ORIX Corporation. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockho ...